Key Facts
• On October 30, Nikkei 225 closed at 51,325.61 yen, up 17.96 yen (0.04%).
• This marked the second consecutive day of record-high closing values.
• The index opened at 51,146.27 yen, down 161.38 yen, before rebounding.
• A weaker yen, trading at 153 yen per US dollar, supported the rise.
• US-China summit eased tensions, boosting investor confidence.
• Semiconductor stocks like Advantest and Tokyo Electron saw strong buying.
• Afternoon gains followed the Bank of Japan’s decision to maintain policy rates.
• US-China tariff reductions further lifted market sentiment.
• The index briefly surged over 300 yen above the previous day’s close.
Summary
The Nikkei 225 index reached a record high for the second consecutive day on October 30, closing at 51,325.61 yen, a 0.04% increase from the previous day. The market initially opened lower but rebounded as the yen weakened to 153 yen per US dollar. Investor optimism was fueled by eased US-China tensions following a summit and the announcement of tariff reductions. Semiconductor stocks, including Advantest and Tokyo Electron, attracted significant buying interest. The Bank of Japan’s decision to maintain policy rates also contributed to the upward trend. Despite some caution over high valuations, the index briefly surged over 300 yen during the session, reflecting strong market momentum.
